Are there capital gains on a small parcel of unimproved property we sold?

posted

Connect with an expert

1 Best answer

Accepted Solutions

Yes, if you sold it for a gain. Subtract the purchase price plus expenses of sale from the sales price to determine gain or loss.

1 Reply

Yes, if you sold it for a gain. Subtract the purchase price plus expenses of sale from the sales price to determine gain or loss.

Still have questions?

Questions are answered within a few hours on average.

*Must create login to post

Unlock tailored help options in your account.